Tag: Natural gas

Petronas turns to $2.7 billion fourth-quarter loss on oil slump

Petronas won’t generate enough cash from operations this year to cover capital spending and dividend commitments, said Vikas Halan, a Singapore-based vice president at Moody’s Investors Service Inc., estimating the shortfall to be at least 10 billion ringgit.  More »

Alberta energy drillers pivot to natural gas as oil plunges

Alberta’s gas prices dropped 35 percent last year while oil fell 46 percent. U.S. crude prices have plunged below $50 from last year’s high above $107 after the Organization of Petroleum Exporting Countries resisted calls to cut output amid a surge of U.S. crude production.  More »

Natural gas futures fall despite frigid temperatures

Not even powerful cold could save natural gas prices.  More »

GDF Suez to lower spending on oil crash as 2014 profit falls

GDF Suez had lowered its 2014 profit forecast because two nuclear reactors in Belgium remained halted due to safety checks of cracks in their cores.  More »

Putin threatens Ukraine with gas cutoff

Putin said that Ukraine’s latest payment would be good only for another three to four days, warning that Russia will have to turn off the tap if Ukraine doesn’t remit payment quickly.  More »

Enterprise Products, Anadarko, Markwest and DCP announce joint venture for NGL pipeline

Under the terms announced, Enterprise will continue to own 55 percent of the line that connects to its processing and storage hub in Mont Belvieu, Texas.  More »

Natural gas inventories rise above five-year average levels

Strong production and a milder winter have had inventories slowly recovering back toward more normal levels.  More »

84th Texas Legislature: Energy Consumer Watchlist

The 84th session of the Texas Legislature is in full swing, with scores of bills already filed that could end up helping or harming Texas energy consumers.  More »

Walker plans to pursue 2 export-capable gaslines

The state faces projected multibillion-dollar budget deficits amid a crash in oil prices, and the stand-alone project was among the big-ticket projects for which Walker late last year had halted new spending pending a review.  More »

Commentary: Key energy industry lessons in billion-dollar trade secret case

The year’s biggest news in oil and gas litigation came last week when Fort Worth-based Moncrief Oil International voluntarily abandoned a billion-dollar trade secret lawsuit in the middle of trial against Russian energy giant OAO Gazprom, says one Texas energy attorney.  More »

Natural gas prices fall as withdraws stay low

Natural gas futures traded down Thursday morning as the weekly inventories report from the U.S. Energy Information Administration showed a weaker-than-expected withdraw for the third consecutive week.8.4 cents to $2.713  More »

1,100 natural gas utility workers on Long Island eye walkout

A union spokesman says Thursday that contract talks are ongoing with National Grid in an effort to avoid a walkout.  More »

Williams CEO: Politics, not prices, slowing natural gas pipeline development

Alan Armstrong said the decline in prices hasn’t changed the need for pipelines  More »

Pennsylvania governor to unveil natural gas severance tax proposal

Gov. Tom Wolf pledged during his campaign for governor to impose a 5 percent severance to help wipe out cuts in public school aid under his predecessor, Republican Tom Corbett.  More »

China finds sizable natural gas field in South China Sea

The Lingshui 17-2 gas field was discovered 150 kilometers south of China’s southernmost island of Hainan, and the Ministry of Land and Resources has approved it as a large-scale find.  More »
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